PrivacySwap is Live.
PrivacySwap provided an initial liquidity of 30,000 PRV along with 2,000 USD worth of BNB and BUSD. We did not expect to have such a reception. Within minutes, the community was saying that there was insufficient liquidity. This was completely unprecedented. At the same time, as much as we wished that there was enough to go around, we stuck to our plan to maintain a 30,000 PRV liquidity.
We believe that tokenomics play an important role in every ecosystem. A constantly inflating token is not our idea of good. Why would we want to constantly devalue our community’s assets? It makes no sense. So we introduced a fixed supply for PRV tokens. Capped at 30,000,000 PRV in its lifetime (which includes burnt tokens, by the way), and an emission rate of 0.1 PRV per block (or 2,880 PRV per day), we found a nice balance of a lifetime supply, and an increased ease of maintaining a balance where emissions < burnt tokens.